Today, Tuesday 1st july 2014, The president of the federal republic of Nigeria, Goodluck Jonathan signed a new pension reform bill into law.

The passage of the bill automatically repeals the Pension Reform Act 2004 thereby making it possible for every person who has worked in either the public service of the Federation, Federal Capital Territory, States or Local Government and private sector, to receive pension benefits when due. It also includes a 10 year jail term for anyone who embezzles or missapropriates pension funds. See more below....